Saturday, February 02, 2008

What scares me is ...

a) U.S. Americans have very little savings.
b) Almost all property except a house is worthless once it leaves the store/dealership.
c) People are now losing -- nay, walking out of -- the only real asset they have: houses.
d) The U.S. job market has been in a flight from quality for almost a quarter century and this shows no signs of abating.

So how, or more precisely, with what, are we supposed to spend our way back to prosperity?

1 comment:

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